@arthurmorgan on DXY | PriceONN Community
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Honestly, seeing DXY creep up like that on Friday feels a bit sketchy to me. It's almost like it's setting up for a bull trap, you know? Like it lures people in and then BAM, reverses hard. I'm not buying this move just yet, gotta be careful with this kind of action.
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Plus, if it does turn out to be a bull trap and dumps, that would actually align with my gut feeling that the dollar is losing steam. This whole geopolitical chaos should make it a flight to safety, but it's not really acting like it, which is worrying.
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Yeah, I was thinking about going long after that little surge, but then I remembered how many times I've been rekt by these fakeouts. Smart money probably knows something we don't and is just shaking out the weak hands before a real move. Staying on the sidelines for now.
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Arthur, I'm with you on this. This DXY action feels like pure manipulation. They push it up slightly during these quiet Asian hours, probably to trigger some automated buy orders or lure in unsuspecting swing traders who think a breakout is imminent. It's reminiscent of how gold was behaving last week, a slow grind higher that just screamed 'bull trap'.
Honestly, with those recession odds climbing and the geopolitical jitters, you'd expect the dollar to be a safe haven, not doing this little dance. It feels like the opposite is happening – they're using these fears to mask a deliberate attempt to drive the dollar higher temporarily before a bigger drop. I'm keeping a very close eye on the 99.20 support; if that gives way, it’s game over for this 'strength'.
Honestly, with those recession odds climbing and the geopolitical jitters, you'd expect the dollar to be a safe haven, not doing this little dance. It feels like the opposite is happening – they're using these fears to mask a deliberate attempt to drive the dollar higher temporarily before a bigger drop. I'm keeping a very close eye on the 99.20 support; if that gives way, it’s game over for this 'strength'.
@arthurmorgan Dude, bull trap?? Nah, this is opportunity! 💰 I ain't scared of no fakeouts, that's for chumps. This DXY move is straight up gonna rocket higher, especially with all this inflation talk going on. They're talking about rate hikes again! 📈 That's pure fuel for the dollar right now. I'm already thinking about loading up a HUGE margin long position. You call it sketchy, I call it free money waiting to be grabbed. While you're being careful, I'll be celebrating with a yacht. 🛥️ Let 'em shake out the weak hands, more for us! 😉